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Bank to the future: five ways financial apps are changing banking

Ian McKenna, DigitalWealthInsights.com:

Less than half a year from now, PSD2 will revolutionise consumers’ access to their own financial information. In fintech hubs across Europe, bright young people are planning a consumer revolution. Their financial apps and tools are helping customers manage their money far more easily than they have before. Here are five important ways in which they are changing the face of banking.

PSD2 meets ISO 20022

PSD2

How will service providers and banks implement ISO 20022 in the APIs being created for PSD2?

Mizuho goes open banking on IBM cloud

Mizuho

Mizuho Bank has opted for a suite of IBM services to power its open banking ambitions in Japan. The bank will use IBM’s FinTech API solution, API Connect on the IBM Cloud and IBM DataPower Gateway. The shift to API banking is a common theme for many in fintech at present. According to IBM, the […]

BBVA launches open banking business

BBVA

BBVA has unveiled its open banking programme and is making eight of its APIs commercially available for the first time. The launch of BBVA API Market comes after the Spanish bank says it spent more than a year working with developers and businesses to prepare the way the open API service would be delivered. With […]

Saxo Bank releases new developer portal for open banking

Print

Denmark’s Saxo Bank has released its new developer portal as it looks to strengthen its involvement in open banking. The portal provides technical documentation, reference guides, sample code and interactive tools. With the release, Saxo has made its trading infrastructure available to third-party developers, fintechs, vendors and partners, enabling them to connect to its trading […]

Equifax forms new alliance to develop open banking products

Equifax Canada

Equifax, credit information provider Castlight and Oakbrook Finance, the owners of consumer loan brand Likely Loans, have teamed up to develop new products for the 2018 open banking initiative. Under open banking, Equifax says bank transaction data will play a crucial role in lending decisions. Lenders will have access to real-time and historic account and […]

Top fintech stories this week – 12 May 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Switzerland’s Hypothekarbank Lenzburg goes open banking

Switzerland

Switzerland’s Hypothekarbank Lenzburg is opening up its Finstar core banking system to fintech firms with the use of APIs. The bank has signed an agreement with German software firm NDGIT, which supplies the APIs, and the implementation at Hypothekarbank Lenzburg will be completed by the end of May. Once implemented, its data and services will […]

Temenos MarketPlace gets boost with new services and leadership

Temenos gains new live site in Palestine

Temenos has launched open banking and Payment Services Directive (PSD2) targeted services on its MarketPlace. The aim, says the vendor, is “to facilitate the exchange of value between banks and fintech companies”. MarketPlace is “customer driven”, says Ben Robinson, group chief strategy director of Temenos – i.e. the vendor proactively seeks out solutions that customers […]

Fintech funding round-up: 24 April 2017

funding

The latest fintech funding round-up featuring Token, Ongo, National Bank of Canada (NBC) and a bunch of venture capitalist firms.

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